Brooklyn Investment Group Increases Position in Chubb Limited (NYSE:CB)

Brooklyn Investment Group increased its stake in shares of Chubb Limited (NYSE:CB) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,349 shares of the financial services provider’s stock after purchasing an additional 190 shares during the quarter. Brooklyn Investment Group’s holdings in Chubb were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CB. D.A. Davidson & CO. increased its position in shares of Chubb by 0.4% during the third quarter. D.A. Davidson & CO. now owns 235,262 shares of the financial services provider’s stock worth $67,847,000 after purchasing an additional 934 shares in the last quarter. FMR LLC increased its position in Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after buying an additional 1,052,999 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Chubb by 23.3% in the third quarter. The Manufacturers Life Insurance Company now owns 760,701 shares of the financial services provider’s stock valued at $219,379,000 after buying an additional 143,840 shares during the last quarter. Bank of Montreal Can boosted its holdings in Chubb by 2.7% in the third quarter. Bank of Montreal Can now owns 665,139 shares of the financial services provider’s stock worth $192,604,000 after acquiring an additional 17,719 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter valued at about $30,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 in the last 90 days. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

CB has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, JMP Securities lifted their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $287.37.

Chubb Stock Up 0.4 %

Shares of NYSE CB opened at $286.41 on Tuesday. The firm has a market cap of $115.45 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67. The company’s 50-day simple moving average is $287.37 and its 200-day simple moving average is $274.81. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the firm posted $4.95 EPS. Chubb’s revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s payout ratio is currently 14.91%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.